National Bank of Greece Third Quarter 2024 Earnings: Beats Expectations

National Bank of Greece (ATH:ETE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €670.0m (up 16% from 3Q 2023).
• Net income: €315.0m (up 21% from 3Q 2023).
• Profit margin: 47% (up from 45% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.35 (up from €0.29 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Bank of Greece Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%.

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Greece are expected to grow by 2.8%.

Performance of the Greek Banks industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with National Bank of Greece, and understanding it should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.